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Elijah Felice Rosales
Elijah Felice Rosales
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CPG earnings fall 30% to P204.6 million
by Elijah Felice Rosales - May 18, 2021 - 12:00am
Earnings of Century Properties Group fell 30 percent in the first quarter as sales and rentals thinned and construction activities slowed due to quarantine restrictions.
Emperador hikes capex to P1.5 billion
by Elijah Felice Rosales - May 18, 2021 - 12:00am
The liquor unit of tycoon Andrew Tan’s Alliance Global Group has increased its spending budget this year to cater to more foreign buyers as domestic sales take a hit from the liquor ban enforced by local ...
Stocks finish higher on late bargain hunting
by Elijah Felice Rosales - May 18, 2021 - 12:00am
Late buying again saved the day for the local stock market, with the main indexes notching gains yesterday to start the week on a positive note.
World body opposes ‘vaccine tourism’
by Elijah Felice Rosales - May 17, 2021 - 12:00am
Developed economies are asked to refrain from using their surplus of vaccines to attract tourists to visit their countries, as this may risk the recovery of travel in developing nations struggling to purchase d...
DOT reopens 2 historic sites in Intramuros
by Elijah Felice Rosales - May 17, 2021 - 12:00am
The Department of Tourism will reopen today two historic attractions in Intramuros in an effort to restart travel activities in Metro Manila.
Tourism industry gets boost from shift to GCQ
by Elijah Felice Rosales - May 16, 2021 - 12:00am
The tourism sector has received a last minute boost to accommodate guests during the summer season with the shift to general community quarantine in Metro Manila.
IFC pilots building rating index in Philippines
by Elijah Felice Rosales - May 15, 2021 - 12:00am
The International Finance Corp. has initiated in the Philippines an index that measures the integrity of buildings to withstand calamities, and plans to introduce this rating system worldwide to mitigate the economic...
Private infrastructure spending in AsPac falls 75% in 2020
by Elijah Felice Rosales - May 15, 2021 - 12:00am
Private sector participation on infrastructure buildup in East Asia and the Pacific, including the Philippines, plunged by 75 percent in 2020, but the World Bank expects firms to reactivate financing this year to...
‘Faster vaccine shots, business reopening crucial to jobs recovery’
by Elijah Felice Rosales - May 14, 2021 - 12:00am
The Philippines risks losing gains made in recovering jobs lost during the pandemic if it fails to accelerate the vaccination program and resume economic activities on all fronts, economists said yesterday.
Philippines remittance cost among lowest – World Bank
by Elijah Felice Rosales - May 14, 2021 - 12:00am
Sending money to the Philippines remains among the cheapest globally, benefiting an economy reliant on remittances sent by overseas Filipino workers, the World Bank said.
World Bank seeks policies to integrate informal sector into mainstream
by Elijah Felice Rosales - May 13, 2021 - 12:00am
The World Bank has urged governments in East Asia and the Pacific to widen social protections and reduce regulatory burdens plaguing the informal sector, paving the way for its integration into the economic mai...
Recession seen to extend to Q2
by Elijah Felice Rosales - May 13, 2021 - 12:00am
The Philippines may suffer its sixth consecutive economic decline in the second quarter as the prolonged lockdown coupled with rising prices force families to reduce their consumption, an international think tank...
IATF eyes industries to be reopened in MECQ areas
by Elijah Felice Rosales - May 10, 2021 - 12:00am
The government is willing to further reopen some industries in areas under modified enhanced community quarantine to allow more people to work and address hunger caused by prolonged lockdowns, a Cabinet official...
International travel may return to pre-COVID-19 level by 2023
by Elijah Felice Rosales - May 8, 2021 - 12:00am
International travel in Asia-Pacific may return to pre-pandemic level by 2023, but a six-month delay in the vaccination rollouts may push tourism recovery to 2024, according to the Asian Development Bank.
Inflation may surge to 7% as global crude prices rise
by Elijah Felice Rosales - May 7, 2021 - 12:00am
The government needs to open up public transportation to reduce the cost of mobility, especially in Metro Manila, as economists yesterday warned inflation may shoot up to seven percent within the year.
PSEi dips to fresh year-low
by Elijah Felice Rosales - May 7, 2021 - 12:00am
Stocks plunged to a fresh year-low yesterday, bucking an upturn in most Asian markets, as investors remain wary of the continued rise in new COVID cases.
Slow tourism urged as waste in seas piles up
by Elijah Felice Rosales - May 7, 2021 - 12:00am
The Department of Tourism has asked travelers to reduce their waste disposal in places they visit, as the agency intensifies its campaign to promote sustainable practices in light of calls to reform the sector.
Philippines continues to attract interest from BPOs – IWG
by Elijah Felice Rosales - May 5, 2021 - 12:00am
The Philippines continues to attract potential investors, mostly in business process outsourcing, as inquiries about office spaces have spiked despite the pandemic.
World Bank OKs $600 million loan for Philippines
by Elijah Felice Rosales - May 5, 2021 - 12:00am
The World Bank has approved close to $600 million worth of new projects in the Philippines to renovate state buildings in Metro Manila and scale up fish production in coastal towns.
DOT recommends travel bubbles with source markets
by Elijah Felice Rosales - May 4, 2021 - 12:00am
A top tourism official is recommending the setting up of travel bubbles with source markets as the safest way to reopen the country’s borders, instead of requiring a vaccine passport for foreign guests which...
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